Intel is among the U.S. companies that believes Israel could be the next major semiconductor hub and is now growing its presence in the region with the acquisition of Tower Semiconductor. The move also helps Intel increase the production capacity as related to the IFS initiative.
https://www.notebookcheck.net/Intel-is-expanding-production-capacity-by-acquiring-Israeli-foundry-Tower-Semiconductor-for-US-5-4-billion.601231.0.html